Funds › Lindsell Train (Nick Train) › Q2 2020Lindsell Train (Nick Train) 13F holdings, Q2 2020 Lindsell Train (Nick Train) disclosed 27 US equity positions worth $6.0bn in its Q2 2020 13F filing. Its largest position is MDLZ at 27.6% of the reported book, followed by PYPL and INTU. Versus Q1 2020 it opened 17 new positions, added to 7, reduced 1 and exited 0.
$6.0bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
27 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
27.6% Largest position The largest single position as a share of the reported equity book.
99.7% Top 10 weight The ten largest positions together, as a share of the reported equity book.
6 Effective positions 1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
67 Quarters on file since Q4 2009 Quarters for which this manager's 13F holdings are on record. Holdings Against Q1 2020: 17 new , 7 added , 1 reduced , 0 exited
27 rows
Stock Sector Weight Value Shares Δ shares Action MDLZ MONDELEZ INTL INC Consumer Defensive 27.6% $1.7bn 32.40m +8.7% added PYPL PAYPAL HLDGS INC Financial Services 15.9% $956m 5.49m −18% reduced INTU INTUIT Technology 12.1% $724m 2.45m +3.7% added DIS DISNEY WALT CO Communication Services 11.5% $690m 6.19m +7.3% added PEP PEPSICO INC Consumer Defensive 10.9% $655m 4.95m +12% added EBAY EBAY INC. Consumer Cyclical 8.7% $524m 9.98m +0.2% held WWEUSD WORLD WRESTLING ENTMT INC – 7.1% $428m 9.84m +7.4% added MANCHESTER UTD PLC NEW no ticker – 3.0% $183m 11.54m +2.1% added BF/A BROWN FORMAN CORP – 2.6% $153m 2.66m +6.6% added BF/B BROWN FORMAN CORP – 0.3% $18.5m 290,307 0.0% held EL LAUDER ESTEE COS INC Consumer Defensive 0.03% $1.7m 8,800 – new EFX EQUIFAX INC Industrials 0.03% $1.6m 9,400 – new SPGI S&P GLOBAL INC Financial Services 0.02% $1.4m 4,400 – new NKE NIKE INC Consumer Cyclical 0.02% $1.4m 13,900 – new CL COLGATE PALMOLIVE CO Consumer Defensive 0.02% $1.2m 16,900 – new TROW PRICE T ROWE GROUP INC Financial Services 0.02% $1.2m 9,600 – new V VISA INC Financial Services 0.02% $1.1m 5,900 – new GOOGL ALPHABET INC Communication Services 0.02% $1.1m 800 – new JNJ JOHNSON & JOHNSON Healthcare 0.02% $1.1m 7,900 – new VRSK VERISK ANALYTICS INC Industrials 0.02% $1.1m 6,500 – new AXP AMERICAN EXPRESS CO Financial Services 0.02% $1.1m 11,600 – new ADBE ADOBE INC Technology 0.02% $1.1m 2,500 – new ORCL ORACLE CORP Technology 0.02% $1.0m 18,600 – new KO COCA COLA CO Consumer Defensive 0.02% $943k 21,100 – new CME CME GROUP INC Financial Services 0.01% $861k 5,300 – new HSY HERSHEY CO Consumer Defensive 0.01% $661k 5,100 – new MSGS MADISON SQUARE GRDN SPRT COR Communication Services 0.01% $485k 3,300 – new
Sector mix Consumer Defensive 38.6% Financial Services 16.0% Unclassified 13.0% Technology 12.1% Communication Services 11.5% Consumer Cyclical 8.7% Industrials 0.05% Healthcare 0.02% Book over time Every quarter on file (67) Where Lindsell Train (Nick Train) was early 6 rows
Stock First reported Entry rank Initial weight Peak weight Quarters held Status Stock since HSY HERSHEY CO Q1 2010 4 of 125 1.5% 2.4% 42 Exited by Q3 2025 +288% MDLZ MONDELEZ INTL INC Q4 2012 1 of 145 20.6% 31.8% 55 Held at last filing, Q2 2026 +127% PYPL PAYPAL HLDGS INC Q3 2015 4 of 322 8.9% 15.9% 44 Held at last filing, Q2 2026 +39% KHC KRAFT HEINZ COMPANY Q3 2015 7 of 173 4.4% 4.7% 11 Exited by Q2 2018 −12% BF/B BROWN FORMAN CORP Q1 2018 6 of 106 0.6% 1.8% 34 Held at last filing, Q2 2026 −51% TKO TKO GROUP HOLDINGS INC Q3 2023 3 of 142 10.0% 16.1% 12 Held at last filing, Q2 2026 +139%
Concentration and tenure
25.5% Median largest position, all quarters The largest single position as a share of the reported equity book.
99.7% Median top 10 weight, all quarters The ten largest positions together, as a share of the reported equity book.
Concentrated Style, by median largest position
11 Median completed holding, quarters